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V F Corp put volume heavy and directionally bearish

Bearish flow noted in V F Corp with 9,552 puts trading, or 3x expected. Most active are Sep-25 11 puts and Jun-25 12.5 calls, with total volume in those strikes near 8,500 contracts. The Put/Call Ratio is 3.87, while ATM IV is up nearly 14 points on the day. Earnings are expected on May 21st.

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